Valvoline will be a ‘faster growing’ business after a planned split, RBC says in new outperform rating
The bank expects that sales growth in the mid-teens is “achievable” for the Kentucky-based lubricants maker over the medium term.
United CEO says business travel has ‘plateaued’ but revenue is still rising
Kirby said the carrier isn’t seeing a recession in its data but forecast a “mild recession induced by the Fed.”
Stocks making the biggest moves in the premarket: Herbalife, GitLab, Textron and more
The stocks making the biggest moves in premarket trading include Herbalife, GitLab, Textron, and more.
Oppenheimer upgrades General Electric, says the industrial giant’s outlook is improving
Investors should load up on General Electric heading into 2023, according to Oppenheimer.
Polls open in Georgia Senate runoff election between Herschel Walker and Raphael Warnock
The race between Warnock and Trump-backed rival Walker went to a runoff after neither candidate won a majority in Georgia’s midterm election.
Deutsche Bank upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023
The firm said the increased likelihood Beijing will ease Covid restrictions next year raises confidence in the stock.
Morgan Stanley double upgrades JPMorgan Chase, sees positive operating leverage for the bank in 2023
The firm said negative operating leverage in 2022 was a “key reason” for its prior underweight rating on JPMorgan Chase.
Some Meta employees claim they’re not getting promised severance
Members of Meta’s Sourcer Development Program allege they are receiving inferior severance packages compared to other full-time workers.
PepsiCo plans to cut hundreds of corporate jobs, report says
PepsiCo is eliminating hundreds of jobs in North American workforce, according to the Wall Street Journal.
Salesforce executive exits help push stock to its lowest point since March 2020
With Stewart Butterfield’s departure from Slack on Monday, Salesforce shares continued a drop from last week, spurred by the exit of co-CEO Bret Taylor.
